Enghouse Systems Limited and Sonic Foundry, Inc. jointly announced that they have entered into a definitive agreement by which Enghouse will acquire the Mediasite business of Sonic Foundry.
Under the terms of the agreement, Sonic Foundry will sell the assets of its Mediasite business including its Japanese and Dutch subsidiaries for US$15.5 million in cash (subject to certain price adjustments). Closing of the transaction is subject to approval by Sonic Foundry shareholders and certain customary closing conditions.
Full article: newswire.ca